Capital Clean Energy Carriers (NASDAQ:CCEC) Shares Gap Down - Here's Why

Capital Clean Energy Carriers Corp (NASDAQ:CCEC - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $18.43, but opened at $16.77. Capital Clean Energy Carriers shares last traded at $17.59, with a volume of 251 shares trading hands.

Analyst Upgrades and Downgrades

CCEC has been the subject of several research reports. Raymond James assumed coverage on shares of Capital Clean Energy Carriers in a research note on Friday, January 24th. They set an "outperform" rating and a $26.00 price target for the company. Fearnley Fonds lowered shares of Capital Clean Energy Carriers from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 17th.

Capital Clean Energy Carriers Stock Performance

The stock has a market capitalization of $1.02 billion, a P/E ratio of 6.86 and a beta of 0.52. The stock has a 50 day simple moving average of $18.72 and a two-hundred day simple moving average of $18.64. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.82.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.36 earnings per share for the quarter, hitting analysts' consensus estimates of $0.36. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.76%. On average, equities analysts forecast that Capital Clean Energy Carriers Corp will post 1.66 EPS for the current fiscal year.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.60 annualized dividend and a yield of 3.42%. Capital Clean Energy Carriers's dividend payout ratio is 23.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CCEC. Geode Capital Management LLC increased its holdings in shares of Capital Clean Energy Carriers by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 15,362 shares of the company's stock valued at $281,000 after purchasing an additional 1,058 shares during the last quarter. LPL Financial LLC grew its position in shares of Capital Clean Energy Carriers by 2.7% in the fourth quarter. LPL Financial LLC now owns 50,737 shares of the company's stock valued at $932,000 after purchasing an additional 1,339 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Capital Clean Energy Carriers during the fourth quarter worth approximately $41,000. Finally, Exchange Traded Concepts LLC boosted its stake in Capital Clean Energy Carriers by 281.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 5,092 shares of the company's stock valued at $98,000 after purchasing an additional 3,758 shares during the period.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.